Digital asset vault

US12073386B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Todd Biggs · Littleton, US
• Phillip H. Griffin · Raleigh, US
• Upul D. Hanwella · San Francisco, US
• Mabel Oza · San Francisco, US
• Luiz Silva · Pleasant Hill, US
• Jeff J. Stapleton · Helotes, US
• Richard Stec · Minneapolis, US
• Kurt Paul Stevens · Lewisville, US
• Luis A. Suarez · Bolivia, US
• Sean Xiang Zhang · Walnut Creek, US

Key dates

• Filing date: Jul 8, 2021
• Grant date: Aug 27, 2024
• Expiry date: Nov 29, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/186
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Securing digital assets in a vault that interfaces with multiple different third-party wallets to store keys/mnemonics. The vault interface accepts input from multiple different party wallets to combine multiple encryptions and secure storage techniques. Numerous cryptographic mechanisms are employed to securely pull a mnemonic phrase from a third-party wallet and into an institution's vault. A customer's mnemonic phrase is securely transported from a personal wallet into a secured institution's encrypted vault using the power of HSM to encrypt and decrypt a customer's mnemonic phrase securely.